U.S. Signs $2 Billion Loan Agreement With Ukraine, Offers To Increase Pressure On Russia

U.S. Treasury Secretary Jack Lew, seen at a press conference after a meeting at EU Commission headquarters in Brussels on Tuesday
U.S. Treasury Secretary Jack Lew, seen at a press conference after a meeting at EU Commission headquarters in Brussels on Tuesday

The United States signed an agreement providing war-torn Ukraine with $2 billion in loan guarantees on Wednesday to help it with “near-term social spending” in 2015 and said it the loan was prepared to step up sanctions against Russia if necessary. Read more from Reuters:

After signing the loan agreement with Ukrainian Finance Minister Natalia Yaresko, U.S. Treasury Secretary Jack Lew referred to Russian support for separatists in Ukraine which has led to the United States and the European Union imposing sanctions on Russia.

Saying the United States was opposing “Russian aggression,” Lew went on: “We remain prepared to do more (on sanctions) if necessary. To that end, we will continue to work with our allies to increase the pressure on Russia.”

Leave a Reply

Your email address will not be published. Required fields are marked *